Analysts Set Dycom Industries, Inc. (NYSE:DY) PT at $206.13

Shares of Dycom Industries, Inc. (NYSE:DY) have earned a consensus rating of “Buy” from the eight ratings firms that are presently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $206.38.

Several research firms have commented on DY. Wells Fargo & Company increased their price objective on shares of Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. DA Davidson reissued a “buy” rating and set a $210.00 price objective on shares of Dycom Industries in a research note on Tuesday, November 19th. Finally, KeyCorp upped their price objective on Dycom Industries from $227.00 to $229.00 and gave the company an “overweight” rating in a research report on Wednesday.

Dycom Industries Stock Performance

DY opened at $178.82 on Friday. The stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 1.45 and a beta of 1.43. Dycom Industries has a fifty-two week low of $109.72 and a fifty-two week high of $207.20. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.93 and a current ratio of 3.12. The company has a fifty day moving average of $181.31 and a 200 day moving average of $181.86.

Insider Buying and Selling

In other Dycom Industries news, Director Jennifer M. Fritzsche sold 430 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $173.11, for a total value of $74,437.30. Following the completion of the transaction, the director now owns 8,873 shares of the company’s stock, valued at approximately $1,536,005.03. This trade represents a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.28% of the stock is currently owned by company insiders.

Institutional Trading of Dycom Industries

Institutional investors and hedge funds have recently bought and sold shares of the business. Fulton Bank N.A. boosted its stake in shares of Dycom Industries by 12.0% in the fourth quarter. Fulton Bank N.A. now owns 4,687 shares of the construction company’s stock worth $816,000 after buying an additional 502 shares during the last quarter. Nordea Investment Management AB purchased a new stake in Dycom Industries in the 4th quarter worth approximately $1,171,000. JPMorgan Chase & Co. grew its stake in shares of Dycom Industries by 65.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 80,320 shares of the construction company’s stock worth $15,831,000 after purchasing an additional 31,864 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Dycom Industries by 4.3% during the 3rd quarter. Principal Financial Group Inc. now owns 666,051 shares of the construction company’s stock valued at $131,278,000 after purchasing an additional 27,370 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Dycom Industries by 17.7% during the third quarter. Franklin Resources Inc. now owns 154,814 shares of the construction company’s stock worth $29,237,000 after buying an additional 23,270 shares in the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.

About Dycom Industries

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.